Garmin LTD (NASDAQ:GRMN) Institutional Investor Positioning Change

Jeannie Matthews
February 5, 2018

GRMN's SI was 15.42 million shares in February as released by FINRA. Farah Jean Claude had sold 50,813 shares worth $1.09 million. With 1.73M avg volume, 5 days are for Skyworks Solutions Incorporated (NASDAQ:SWKS)'s short sellers to cover SWKS's short positions. In the latest session the stock moved -0.32%, putting the stock value at $62.41. About 975,208 shares traded. It has outperformed by 11.93% the S&P500.

Motco increased its stake in Schlumberger Limited (SLB) by 92.72% based on its latest 2017Q3 regulatory filing with the SEC. Alps Advisors Inc sold 33,946 shares as the company's stock rose 0.81% with the market. The legal version of this story can be viewed at Monsanto Co New now has $53.88B valuation. The stock decreased 4.02% or $0.73 during the last trading session, reaching $17.43. About 1.87M shares traded. Mallinckrodt Public Limited Company (NYSE:MNK) has declined 30.39% since February 4, 2017 and is downtrending. It has underperformed by 1.24% the S&P500.

Since August 4, 2017, it had 0 buys, and 2 insider sales for $1.44 million activity. Shares for $351,062 were sold by Huang Pao-Chang on Friday, August 4. During the same quarter in the previous year, the company posted $0.75 earnings per share. equities analysts expect that Garmin Ltd. will post 2.9 earnings per share for the current fiscal year. Breton Hill Cap Ltd has 0.46% invested in Garmin Ltd. (NASDAQ:GRMN) for 46,368 shares. Shares for $223,630 were sold by PEMBLE CLIFTON A.

Among 11 analysts covering Phoenix Group Holdings (LON:PHNX), 6 have Buy rating, 2 Sell and 3 Hold. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. GRMN was included in 30 notes of analysts from July 30, 2015. The rating was downgraded by Bank of America to "Underperform" on Thursday, August 4. The firm earned "Underweight" rating on Thursday, July 30 by JP Morgan. The rating was upgraded by Citigroup on Thursday, October 29 to "Neutral". The firm has "Outperform" rating given on Thursday, October 15 by RBC Capital Markets. The firm has "Neutral" rating given on Monday, October 19 by JP Morgan. The stock has "Mkt Perform" rating by Raymond James on Monday, August 22.

Garmin (NASDAQ:GRMN) last announced its earnings results on Wednesday, November 1st.

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Investors sentiment increased to 1.37 in Q3 2017.

Since January 1, 0001, it had 0 insider purchases, and 9 insider sales for $32.36 million activity. It is positive, as 16 investors sold GRMN shares while 107 reduced holdings. 51 funds opened positions while 118 raised stakes. Evanston Investments Dba Evanston accumulated 6,700 shares or 0.09% of the stock. Lapides Asset Management Ltd Liability stated it has 0.77% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). California Employees Retirement Sys stated it has 0.03% in Garmin Ltd. (NASDAQ:GRMN). Comerica Bancorporation owns 48,403 shares. Moreover, Mackenzie Corporation has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN). It also reduced Choice Hotels Intl Inc (NYSE:CHH) stake by 13,643 shares and now owns 462,982 shares. Omers Administration Corporation has 0.05% invested in Garmin Ltd. (NASDAQ:GRMN) for 73,700 shares. Wellington Management Ltd Liability Partnership has 0% invested in Garmin Ltd. (NASDAQ:GRMN). Sei Invs Co invested in 4,911 shares. Ig Mgmt Ltd accumulated 25,530 shares. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Garmin worth $10,313,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 41.45% of the company's stock.

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has a market capitalization of $11,650.00, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.54 and a beta of 0.94. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. Shares for $45,904 were sold by Biddlecombe Sean. The company was initiated on Tuesday, September 29 by Sterne Agee CRT. Courduroux Pierre sold 4,320 shares worth $527,040. Another trade for 2,073 shares valued at $109,869 was sold by ETKIND ANDREW R. 1,881 shares valued at $103,455 were sold by Desbois Patrick on Friday, October 13. The institutional investor held 6.30 million shares of the miscellaneous company at the end of 2017Q3, valued at $98.30 million, up from 6.08M at the end of the previous reported quarter. It also upped Goodyear Tire & Rubr Co (NASDAQ:GT) stake by 333,000 shares and now owns 953,300 shares. Medtronic (NYSE:MDT) was raised too. Garmin earned a daily sentiment score of 0.13 on Accern's scale. Its down 0.14, from 0.98 in 2017Q2. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 54,714 shares. Nationwide Fund has 84,367 shares. The investment managers in our partner's database now possess: 74.22 million shares, up from 71.31 million shares in 2017Q2. Moreover, Investec Asset Management has 0.18% invested in Schlumberger Limited (NYSE:SLB) for 598,150 shares. The fund owned 62,177 shares of the scientific and technical instruments company's stock after selling 40,135 shares during the quarter. Kistler has invested 0.04% in Monsanto Company (NYSE:MON). Natixis holds 409,905 shares. Capital Advisers Lc reported 0.21% in Schlumberger Limited (NYSE:SLB). Its down 8.34% from 9.25M shares previously. Blackrock holds 0% of its portfolio in Mastech Digital, Inc. Zebra Mngmt holds 0.61% or 34,734 shares.

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